After robots start working, three sets of accounts still need to be settled

Unitree Technology listed on August 19, becoming the A-share market's "first humanoid robot stock," with its intraday market value briefly reaching 444.9 billion yuan; nearly two months after listing, its total market value once fell to about 170 billion yuan. Using Unitree's valuation swings as a sample, the article argues that the robotics industry needs to settle three sets of accounts: the technology account, the business account, and the replication account. It cites the production-line livestream of eight AgiBot G2 units running continuously for six days at Longcheer Technology's Nanchang factory, completing more than 64,000 operations with a 99.99% success rate, and robots from Robot Era entering more than ten logistics centers including China Post and SF Express for sorting, to show that the industry is shifting from demonstrating capabilities to proving them.